Analyst Price Target Update on EQT Corporation (NYSE:EQT)

EQT Corporation (NYSE:EQT) shares are expected to touch $81.64 in the short term. This short term price target has been shared by 11 analysts. However, the standard deviation of short term price estimate has been valued at 8.02. The target price could hit $99 on the higher end and $69 on the lower end.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Barclays, assumes their rating on the shares of EQT Corporation (NYSE:EQT). Barclays has a Overweight rating on the shares. As per the latest report, the brokerage house maintains the price target to $82 per share. The rating by the firm was issued on April 12, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Eqt Corp, Cary A. Bray Jr. had purchased shares worth of $24,012 in a transaction dated on April 1, 2016. A total of 357 shares were purchased at a price of $67.26 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

EQT Corporation (NYSE:EQT) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.56 points or 0.74% at $74.95 with 1,934,278 shares getting traded. Post opening the session at $75.14, the shares hit an intraday low of $74.45 and an intraday high of $75.9 and the price was in this range throughout the day. The company has a market cap of $12,947 million and the number of outstanding shares have been calculated to be 172,737,000 shares. The 52-week high of EQT Corporation (NYSE:EQT) is $85.98 and the 52-week low is $47.1.

EQT Corporation (EQT) is an energy company. The Company operates in two business segments: EQT Production and EQT Midstream. EQT Production is a natural gas producer in the Appalachian Basin with approximately 10.7 trillion cubic feet equivalent (Tcfe) of proved natural gas, natural gas liquids (NGLs) and crude oil reserves across approximately 3.4 million acres, including around 630,000 gross acres in the Marcellus play. Its proved reserves include Lower Huron, Cleveland, Berea sandstone and other Devonian age formations. EQT Midstream assets are located in the Marcellus Shale region, spanning an area of southwestern Pennsylvania and northern West Virginia. EQT Midstream provides gathering, transmission and storage services for its produced gas and for the independent third parties across the Appalachian Basin.

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